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Jul 29, 2011
07/11
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so, jon, what is next here? >> reporter: josh, speaker boehner has just finished speaked the a group of 240 house republicans in a private meeting. and i'm told he went and made an impassioned appeal, onene last appeal, to get in line and support his plan to raise the debt ceiling. i'm told that he said, quote, i am a happy warrior. i love everyone here. but he said he's got to have their support for this because if they don't support this, the options that come later will be far worse. he still has to convince some of those republicans who don't want any debt ceiling, however, to go along with this. meanwhile, in the senate, democrats say it is absolutely dead. so, we are not at the end game here yet. what happens next is really anybody's guess. josh? >> all eyes and many angry voters turning their attention, now, to the capitol. the deadline, again, tuesday. jon karl, with the very latest from washington. >>> meanwhile, the standoff there comes as we get more discouraging news about the economy. figures out th
so, jon, what is next here? >> reporter: josh, speaker boehner has just finished speaked the a group of 240 house republicans in a private meeting. and i'm told he went and made an impassioned appeal, onene last appeal, to get in line and support his plan to raise the debt ceiling. i'm told that he said, quote, i am a happy warrior. i love everyone here. but he said he's got to have their support for this because if they don't support this, the options that come later will be far worse....
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Jul 31, 2011
07/11
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good morning, jon. >> reporter: good morning. the details are still being worked out and nobody has signed on the dotted line yet. they still need to see if it will fly with their membership, but they decided on this, a debt ceiling increase of $4.4 trillion. that's enough to get the president past the next presidential election. there would be immediate cuts agrewed to over the next ten years of $1 trillion. then a committee is established. a special congressional committee, that would recommend cuts of a trillion dollars more. the key thing with that committee, bianna, if congress did not act on those recommendations, there would be automatic spending cuts that would take place that would be uncomfortable for both sides. again, details still being worked out. not final yet. but that's the framework that's emerging. >> at least there's a framework they are dealing with. dan said earlier in the show, something, some sign of hope in washington this morning. all right. thank you. dan. >> still fragile but some signs of hope. >>> an
good morning, jon. >> reporter: good morning. the details are still being worked out and nobody has signed on the dotted line yet. they still need to see if it will fly with their membership, but they decided on this, a debt ceiling increase of $4.4 trillion. that's enough to get the president past the next presidential election. there would be immediate cuts agrewed to over the next ten years of $1 trillion. then a committee is established. a special congressional committee, that would...
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Jul 17, 2011
07/11
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budget director jack lew and senator jon kyl. two people who are around the negotiating table. in the meantime, also the report about wanting to go back to the grand bargain. president said he wanted to do that. speaker boehner said he wants to do that. the question is whether they can get elements on board to pass such a thing. that also is something that is being required right now by the ratings agency. moodys. standards & poors. said they must have some credible deficit reduction plan, 4 trillion or so over the next 10 years because of the way they are looking at the u.s. dollar and threatening to downgrade u.s. credit worthiness, and that would be -- add to the catastrophic woes a default can bring. >> the administration said itself if we don't have a plan by this friday, we will not meet the august 2nd deadline. all right. cristiane, a lot of tension there in washington. be sure to join christiane where she sits down with office of management and budget, jacob lew and senate minority whip jon kyl on "this week." >> for a check of the morning top stories, filling in for ro
budget director jack lew and senator jon kyl. two people who are around the negotiating table. in the meantime, also the report about wanting to go back to the grand bargain. president said he wanted to do that. speaker boehner said he wants to do that. the question is whether they can get elements on board to pass such a thing. that also is something that is being required right now by the ratings agency. moodys. standards & poors. said they must have some credible deficit reduction plan,...
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Jul 22, 2011
07/11
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abc's jon karl joins us now, from washington, with the latest. what about it? how close are we finally to a deal? >> reporter: getting close to a deal with the house speaker, john boehner. the outlines of this deal include up to $3 trillion in spending cuts over the next ten years including some cuts to popular entitlement programs like medicare and social security. also, elizabeth, it would include a promise or a commitment that congress would bring more money in through tax revenues by reforming the code, closing some of those loopholes. that's something that congress would act on over this last year. >> that last one, isn't that disguise? a tax increase in >> reporter: well, certainly some will call it that. the rates won't go up. congress would have to act over the next year. if they didn't ago, automatic steps would be taken that both sides wouldn't like which would be tax hikes and spending cuts. possibly, elizabeth, they're talking about repealing part of the health care bill. >> even if president obama and speaker boehner reach a deal they have their ow
abc's jon karl joins us now, from washington, with the latest. what about it? how close are we finally to a deal? >> reporter: getting close to a deal with the house speaker, john boehner. the outlines of this deal include up to $3 trillion in spending cuts over the next ten years including some cuts to popular entitlement programs like medicare and social security. also, elizabeth, it would include a promise or a commitment that congress would bring more money in through tax revenues by...
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Jul 12, 2011
07/11
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. >> neither side budged at the meeting that followed so let's bring in jake tapper and jon karl from capitol hill. jon, they tried to work on a smaller reduction deal but that didn't go much better. >> reporter: the divide is as deep as ever. they outlined 1.7trillion cuts, not enough but democrats called it completely unacceptable because it included cuts to medicare and no tax revenue increases. steny hoyer said he couldn't get a senior democratic vote for a plan. >> that means that it couldn't pass. courthouse have any idnew ideas >> reporter: they're pushing for the big deal, a lot of pain at one, entitle tks. president obama outlined the plan and said, you can't expect seniors to give up $500 when you went own ask for $5 from people like me. wealthy individuals. >> jon, the leader mitchell mcconnell is looking at a contingency plan which could be a short-term extension. >> reporter: he's tight-lipped about what they mean. they could give him a chance to accept that which he ruled out or one with no tax increases. >> the president very clear on that. >> reporter: he said he's not
. >> neither side budged at the meeting that followed so let's bring in jake tapper and jon karl from capitol hill. jon, they tried to work on a smaller reduction deal but that didn't go much better. >> reporter: the divide is as deep as ever. they outlined 1.7trillion cuts, not enough but democrats called it completely unacceptable because it included cuts to medicare and no tax revenue increases. steny hoyer said he couldn't get a senior democratic vote for a plan. >> that...
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Jul 14, 2011
07/11
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good morning, jon. >> reporter: good morning, robin. there is no presidential candidate with more momentum right now than michele bachmann. ♪ my home in -- >> reporter: no republican presidential candidate has taken a harder line on the debt ceiling showdown than michele bachmann. >> we were all shocked and appalled that president obamama dangled out in front of the cameras that senior citizens may not get their checks. that's a very dangerous statement to make. we don't believe -- excuse me. excuse me. we don't believe that for a moment. >> reporter: tough talk from bachmann is nothing new but she now speaks with new-found authority as a top tier contender for the republican presidential nomination. a new national poll puts bachmann firmly in second place as the leading challenger to front-runner mitt romney. and in key first caucus state iowa, three separate polls over the past week put bachmann in first place. >> republican primary voters are looking for somebody who has -- brings some excitement, who brings something different to
good morning, jon. >> reporter: good morning, robin. there is no presidential candidate with more momentum right now than michele bachmann. ♪ my home in -- >> reporter: no republican presidential candidate has taken a harder line on the debt ceiling showdown than michele bachmann. >> we were all shocked and appalled that president obamama dangled out in front of the cameras that senior citizens may not get their checks. that's a very dangerous statement to make. we don't...
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Jul 25, 2011
07/11
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jon karl on capitol hill. bianna golodryga from the new york stock exchange. looking at the asian and european markets overnight, there seems to be concern but not panic yet, bianna. >> reporter: that's right. wall street seems to be patient with washington. markets opening blower. just about 130 points lower. not the knee jerk reaction that people were fearful of. things are still at an impasse. even though the markets aren't selling off, people are concerned about what's still on the table a credit downgrade. the s&p says the u.s. could lose its aaa ratings in the next three months. that would mean that interest rates go higher. it would be more difficult for people to get a loan out there. and it could be a big burden for this economy, as we're just starting to recover. george? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. that has not happened. it seems, the only thing that everyone seems to be accepting that any deal won't include any new tax increases. >> that's the big deal. but the two s
jon karl on capitol hill. bianna golodryga from the new york stock exchange. looking at the asian and european markets overnight, there seems to be concern but not panic yet, bianna. >> reporter: that's right. wall street seems to be patient with washington. markets opening blower. just about 130 points lower. not the knee jerk reaction that people were fearful of. things are still at an impasse. even though the markets aren't selling off, people are concerned about what's still on the...
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Jul 28, 2011
07/11
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abc's jon karl is covering it from capitol hill. jon, we are seeing fire from the house speaker. >> reporter: we sure are. this vote today on his debt ceiling plan is the highest-stakes vote of his term as speaker of the house. and he is doing everything he can to get those tea partyers in line. john boehner is now demanding republicans stand with their party. in a closed-door meeting, he had a stern message for tea partiers who just don't like his debt ceiling plan. boehner told them get your ass in line, sources at the meeting tell abc news. this comes a day after another republican leader attempted to rally the troops with a clip from the movie "the town." >> i need your help. i can't tell you what it is. you can never ask me about it later. and we're going to hurt some people. >> which car are we going to take? >> reporter: allen west liked what he heard. >> i told him i would drive the car. >> they could have used "rudy," "hoosiers," "band of brothers." but this was the choice that they made. >> t ts is a movie. this is not rea
abc's jon karl is covering it from capitol hill. jon, we are seeing fire from the house speaker. >> reporter: we sure are. this vote today on his debt ceiling plan is the highest-stakes vote of his term as speaker of the house. and he is doing everything he can to get those tea partyers in line. john boehner is now demanding republicans stand with their party. in a closed-door meeting, he had a stern message for tea partiers who just don't like his debt ceiling plan. boehner told them get...
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Jul 7, 2011
07/11
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abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing. >> reporter: a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare, most likely cost of living increases going down and in exchange republicans would accept some increase in tax revenues as part of an overhaul of the tax code. as one top administration told me, we need to do something unthinkable on entitlements. they need to do something unthinkable on tacks. >> unthinkable may be the word. these talks have been going on between the president and speaker boehner but there hasn't been a lot of discussion among a wider conferences in the house and the senate democrats and republicans and i guess the big question coming out of today's meeting, when other leaders find out about it, is it something they can work with and is it something that will fly? >> reporter: a great question. boehner and
abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing. >> reporter: a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare, most likely cost of living increases going down and in exchange republicans would accept some increase in tax revenues as part of an overhaul of the tax...
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Jul 27, 2011
07/11
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good morning, jon. >> reporter: good morning, robin. we are reaching crisis time here on capitol hill. the republicans delayed a vote on their bill in the house because they don't even have enough republican votes to pass their own bill. democrats don't have the votes to pass their bill, either. the only thing certain up here right now is that everything is in doubt. >> we appreciate you calling. >> reporter: the calls are pouring in. plenty of outrage. but like congress itself, the callers seem hopelessly divided. >> i would really like for him to hold the line against any deal in congress. >> i am calling to ask that you cooperatatwith the president's efforts. >> reporter: the whole place seems to have broken down. republicans can't even convince some of their own members to vote for the republican plan. in a closed door meeting, republican leader eric cantor told fellow conservatives to, quote, stop whining and support the bill. acknowledging, quote, the debt limit vote sucks. across the country, that's the view of washington itself.
good morning, jon. >> reporter: good morning, robin. we are reaching crisis time here on capitol hill. the republicans delayed a vote on their bill in the house because they don't even have enough republican votes to pass their own bill. democrats don't have the votes to pass their bill, either. the only thing certain up here right now is that everything is in doubt. >> we appreciate you calling. >> reporter: the calls are pouring in. plenty of outrage. but like congress...